Vista Gold Corp (VGZ) Gets a Buy Rating from H.C. Wainwright


In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Vista Gold Corp (VGZ), with a price target of $2.50. The company’s shares opened today at $0.78.

Ihle noted:

“We maintain our Buy rating and increase our price target from $2.00 to $2.50 per share. The higher price target is attributable to our increase in the commodity price deck, slightly offset by some adjustments to our model related to first production. Our valuation remains predicated on a DCF of expected operations at Mt Todd, using an unchanged 10% discount rate. We also expect the firm to fund operations for the foreseeable future through its current working capital balance and other non-dilutive sources of capital such as the GDLR option payments.”

According to TipRanks.com, Ihle is a 1-star analyst with an average return of -1.1% and a 44.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vista Gold Corp with a $2.50 average price target.

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The company has a one-year high of $0.92 and a one-year low of $0.37. Currently, Vista Gold Corp has an average volume of 166.8K.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VGZ in relation to earlier this year. Most recently, in December 2018, Michael Richings, the Exec. Chairman of VGZ bought 37,500 shares for a total of $13,500.

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Vista Gold Corp. is a gold mining, development and exploration company. It is engaged in the evaluation, acquisition, exploration, and advancement of gold and potential development projects. The company holds interest in the Mt. Todd gold project in Australia, the Guadalupe de los Reyes gold project in Mexico and the Long Valley gold project in California.

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